First, the income tax payment is different. A sole proprietorship enterprise only needs to pay enterprise income tax; In addition to corporate income tax, shareholders of a limited company also need to pay personal income tax.
Second, the requirements for establishing accounts are different.
A sole proprietorship enterprise needs to establish an income and expenditure voucher paste book and a sales register to completely save relevant tax information.
A limited company must establish a financial system and conduct accounting.
Third, the payment methods are different.
Individual income tax payable by investors in a sole proprietorship enterprise shall be calculated on an annual basis and paid in installments on a monthly or quarterly basis. Investors shall pay in advance within 7 days after the end of each month or quarter, and shall be settled within 3 months after the end of the year, with overpayment and underpayment.
The income tax of a limited company shall be paid in advance on a monthly or quarterly basis. An enterprise shall, within 15 days after the end of the month or quarter, submit a tax return for prepaid enterprise income tax to the tax authorities, regardless of profit or loss, and pay taxes in advance.
Extended data:
The enterprise income tax stipulates that the taxable income of taxpayers is calculated on the accrual basis. At the same time, the provisions on installment sales of goods, long-term engineering (labor) contracts and other business operations can be determined by the following methods:
1, if the goods are sold by installment, the realization of sales income can be determined according to the date of purchasing the price payable as agreed in the contract;
2. architecture. If the duration of installation, assembly engineering and provision of labor services exceeds 1 year, the realization of income can be determined according to the completion schedule or the workload completed;
2. Processing and manufacturing of large mechanical equipment and ships. For other enterprises whose duration exceeds 12 months, the realization of income can be determined according to the completion schedule or the workload completed.
Baidu Encyclopedia-Individual income tax provisions for investors of sole proprietorship enterprises and partnership enterprises
Baidu Encyclopedia-Enterprise Income Tax